What you must know about Finelistings Technologies IPO?
by 5paisa Research Team
07 May 2024
Finelistings IPO Details
- Open Date 07-May-24
- Close Date 09-May-24
- Lot Size 1000
- IPO Size ₹ 13.53 Cr
- IPO Price Range ₹ 123
- Min Investment ₹ 123000
- Listing Exchange BSE SME
- Basis of Allotment 10-May-24
- Refunds 13-May-24
- Credit to Demat Account 13-May-24
- Listing Date 14-May-24
Finelistings Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 07-May-24 | - | 0.60 | 3.29 | 1.94 |
| 08-May-24 | - | 2.20 | 11.63 | 6.91 |
| 09-May-24 | - | 29.85 | 38.96 | 37.44 |
Finelistings IPO Synopsis
Last Updated: 9th May, 2024 by 5paisa
Finelistings Technologies IPO is all set to open from 7th May to 9th May 2024. The company retails pre-owned luxury cars as well as provides software development services. The IPO includes a fresh issue of 1,100,000 shares worth ₹13.53 cr. The share allotment date is 10th May 2024, and the IPO will be listed on 14th May 2024 on the stock exchanges. The price band is ₹123 and the lot size is 1000 shares.
Fedex Securities Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Finelistings Technologies IPO:
Finelistings Technologies Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of software.
● To fund the capital capital requirements.
● General Corporate Purposes.
Finelistings Technologies IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 13.53 |
| Offer for sale | - |
| Fresh issue | 13.53 |
Finelistings Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹123,000 |
| Retail (Max) | 1 | 1,000 | ₹123,000 |
| HNI (Min) | 2 | 2,000 | ₹246,000 |
Finelistings Technologies IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Market Maker | 1 | 58,000 | 58,000 | 0.71 |
| NII | 29.85 | 5,21,000 | 1,55,52,000 | 191.29 |
| Retail Investors | 38.96 | 5,21,000 | 2,02,96,000 | 249.64 |
| Total | 37.44 | 10,42,000 | 3,90,11,000 | 479.84 |
Finelistings Technologies IPO Shareholding Pattern
| Shareholding Pattern | Pre issue % | Post issue % |
|---|---|---|
| Promoter & Promoter Group | 71.65 | 49.98 |
About Finelistings Technologies
Established in 2018, Finelistings Technologies retails pre-owned luxury cars as well as provides software development services.
Luxury cars: Used premium and high-end luxury cars including sedans, SUVs, sports cars, and convertibles having an average sale price of Rs. 40.00 lakhs. This segment is run under the brand name of ‘FineCars’.
Software development: This includes digital technologies like cloud-based services, IT consulting services such as big data analytics, cloud architecture, data engineering, IoT solutions and offering-based solutions such as business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.
Peer Comparison
● CarTrade Tech Limited
● Cambridge Technology Enterprises Limited
● Globalspace Technology Limited
For More Information:
Webstory on Finelistings Technologies IPO
Finelistings Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 13.88 | 6.94 | 1.46 |
| EBITDA | 2.51 | 0.013 | -0.23 |
| PAT | 1.78 | -0.083 | -0.17 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 10.15 | 1.54 | 0.60 |
| Share Capital | 2.53 | 0.011 | 0.011 |
| Total Borrowings | 6.64 | 1.06 | 0.034 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.50 | -0.55 | -0.47 |
| Net cash from / (used in) investing activities | -0.15 | -0.095 | -0.093 |
| Net cash flow from / (used in) financing activities | 1.35 | 0.96 | 0.75 |
| Net increase (decrease) in cash and cash equivalents | 0.69 | 0.32 | 0.18 |
Finelistings IPO Key Points
-
Strengths
1. The company has diversified business offerings.
2. ‘FineCars’ is a trusted brand for pre-owned automotive buyers and sellers.
3. It is a quality-focused company.
4. Experienced Promoters and management team
-
Risks
1. Increasing competition in the used car business through online and offline players can impact the company.
2. Intense competition in the market for technology services could affect the pricing.
3. Its existing car showrooms are concentrated in a single region of Delhi, NCR,
4. It has reported negative PAT in the past.
5. It has reported negative cash flows in the past.
6. High working capital requirements.
Finelistings
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Finelistings IPO FAQs
When does Finelistings Technologies IPO opens and closes?
Finelistings Technologies IPO opens from 7th May to 9th May 2024.
What is the size of Finelistings Technologies IPO?
The size of Finelistings Technologies IPO is ₹13.53 cr.
How to apply for Finelistings Technologies IPO?
To apply for Finelistings Technologies IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Finelistings Technologies IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Finelistings Technologies IPO?
The price band of Finelistings Technologies IPO is fixed at ₹123 per share.
What is the minimum lot size and investment required for Finelistings Technologies IPO?
The minimum lot size of Finelistings Technologies IPO is 1000 shares and the investment required is ₹1,23,000.
What is the allotment date of Finelistings Technologies IPO?
The share allotment date of Finelistings Technologies IPO is 10th May 2024.
What is Finelistings Technologies IPO listing date?
The Finelistings Technologies IPO will be listed on 14th May 2024.
Who are the book runners for Finelistings Technologies IPO?
Fedex Securities Private Limited is the book-running lead manager for Finelistings Technologies IPO.
What is the objective of Finelistings Technologies IPO?
Finelistings Technologies Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of software.
● To fund the capital capital requirements.
● General Corporate Purposes.
Contact Details of Finelistings Technologies IPO
Contact Information
Finelistings Technologies Limited
G-07, Ground Floor, Ambience Mall,
Nelson Mandela Road, Vasant Kunj,
South West Delhi, New Delhi - 110070
Phone: +91 93551 11911
Email: cs@finelistings.com
Website: https://www.finecars.co.in/
Finelistings Technologies IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Finelistings Technologies IPO Lead Manager
Fedex Securities Pvt Ltd
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